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Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

Carscoops

It includes features like lost-key replacement, fabric repair, windshield repair, and roadside assistance. “When submitting my application online, the out the door number was $32,207 with GAP. With a $2,500 down payment, I was only planning on financing $29,707.

Addendum 119
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Guide to the Common Dealership Terms When Buying A Car

Car Examer

For example, if there’s a £1,000 deposit contribution, that amount goes toward your down payment, reducing what you need to put down yourself. With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement.

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. It’s often used as a starting point for negotiations.

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Does it make sense to lease?

Shawn Ryder

Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term. Depreciation Risk: New cars depreciate quickly, and you may lose value much faster than you can pay down the loan.